The cannabis industry is unique. It is rare that a new industry bursts onto the commercial landscape. Rarer still is when that new industry quickly becomes a multi-billion dollar juggernaut. According to Forbes, spending on legal cannabis worldwide is expected to reach $57 billion by 2027.
This fast-paced, dynamic industry presents some unusual legal challenges – most notably, how can any business participate in this industry given that the use, sale, and possession of marijuana remains illegal in the United States under federal law? In navigating this new industry, it is important to engage legal counsel who understand the nuances of the cannabis industry as well as federal law and public policy as it relates to cannabis.
Despite these challenges, businesses that are part of or are ancillary to the cannabis industry are essentially no different than many other businesses. They require the same types of legal advice regarding corporate structure, commercial relationships, contracts, real estate, intellectual property, insurance, labor and employment, and many other legal issues. As such, it is important to engage business-minded counsel who can provide sound commercial and legal advice generally.
The attorneys in Leech Tishman’s Cannabis Group are able to meet all of these needs – they marry a keen understanding of the cannabis industry with a broad-based legal platform. Leech Tishman provides high-quality and cost-effective legal services to the cannabis industry.
